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Ghana’s Renewable Energy Initiative Promises Long-term Cost Savings – IPPG CEO

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The Last Mile Connectivity Project – Phase III, which will be implemented over six years (2024-2029), will provide electricity for more than half a million Kenyans.
The Last Mile Connectivity Project – Phase III, which will be implemented over six years (2024-2029), will provide electricity for more than half a million Kenyans.

Dr. Elikplim Apertorgbor, a respected figure in the energy sector and the CEO of Independent Power Producers, Ghana (IPPG), has been a vocal advocate for the potential of renewable energy technologies to substantially reduce energy costs over time.

He noted that renewable energy has experienced marked cost decreases in the past decade, making electricity more affordable for consumers and businesses alike.

Dr. Apertorgbor’s remarks support the National Democratic Congress (NDC) flagbearer, John Draani Mahama, who recently pledged to establish a Renewable Energy Commission.

According to Dr. Apertorgbor, this initiative demonstrates Mahama’s commitment to tackling Ghana’s energy challenges by integrating renewable energy sources into the national energy framework.

In a statement, Dr. Apertorgbor highlighted the strategic importance of establishing a Renewable Energy Commission, citing successful international models that have reaped significant benefits from such initiatives, aiming to reassure the audience about the effectiveness of the initiative.

“The establishment of a Renewable Energy Commission in Ghana holds immense promise,” Dr. Apertorgbor affirmed, highlighting the potential for long-term sustainability and cost efficiency in the energy sector that this initiative could bring.

The IPPG CEO’s endorsement underscores growing industry support for renewable energy solutions as pivotal to Ghana’s energy future, aiming to enhance energy security and affordability while reducing environmental impact, instilling confidence in the audience about the direction of Ghana’s energy future.

Below is his full statement…

Commending John Dramani Mahama on His Promise to Establish a Renewable Energy Commission

In a commendable move towards a sustainable energy future, John Dramani Mahama, the flagbearer of the National Democratic Congress (NDC), has pledged to establish a Renewable Energy Commission. This strategic and deep thought initiative underscores his commitment to addressing Ghana’s energy challenges by integrating renewable energy resources into the national energy mix. There are significant benefits of setting up a Renewable Energy Commission, and successful international references, worth mentioning.

A Visionary Step Towards Energy Competitiveness and Security

Ghana’s energy sector has faced numerous challenges, including inconsistent power supply and reliance on fossil fuels. Establishing a Renewable Energy Commission represents a forward-thinking solution to these issues. By focusing on renewable energy, Ghana can diversify its energy sources, reduce dependence on fuels, and enhance energy security.

Key Benefits of a Renewable Energy Commission

1. Promotion of Sustainable Development:
A Renewable Energy Commission will play a crucial role in promoting sustainable development by harnessing Ghana’s abundant renewable resources, such as solar, wind, and hydropower. This will reduce the environmental impact of energy production and contribute to global climate change mitigation efforts.

2. Economic Growth and Job Creation:
The renewable energy sector has the potential to drive economic growth and create numerous job opportunities. From manufacturing and installation to maintenance and research, the industry can provide employment across various skill levels, contributing to national economic development.

3. Reduction in Energy Costs:
Renewable energy technologies have seen significant cost reductions over the past decade. By investing in renewables, Ghana can reduce energy costs in the long term, making electricity more affordable for consumers and businesses.

4. Energy Independence:
Developing renewable energy resources will reduce Ghana’s dependence on fossil fuels. This energy independence will insulate the country from volatile global fuel prices and enhance national security.

5. Technological Innovation:
A Renewable Energy Commission will foster technological innovation by supporting research and development in renewable energy technologies. This will position Ghana as a leader in the region and encourage local expertise and innovation.

International Success Stories

Several countries have successfully implemented renewable energy commissions or similar bodies, leading to significant advancements in their energy sectors.

1. Germany:
Germany’s Renewable Energy Act and the establishment of the German Renewable Energy Agency have been instrumental in the country’s transition to renewable energy. Today, Germany is a global leader in solar and wind energy, with renewables accounting for a substantial share of its energy mix.

2. Denmark:

Denmark’s commitment to renewable energy is exemplified by its Danish Energy Agency. The country’s focus on wind energy has made it a world leader, with wind power meeting over 40% of its electricity demand.

3. South Africa:
The South African Renewable Energy Independent Power Producer Procurement Programme (REIPPPP) has attracted significant investment in renewable energy, leading to the successful deployment of solar and wind projects. This program has created jobs, stimulated economic growth, and increased energy security.

John Dramani Mahama’s promise to establish a Renewable Energy Commission is a visionary and strategic step towards ensuring Ghana’s energy competitiveness and security. By leveraging the country’s renewable energy resources, Ghana can achieve sustainable development, economic growth, and energy independence. The successful experiences of Germany, Denmark, and South Africa provide valuable lessons and highlight the transformative potential of renewable energy. This initiative deserves commendation and full support as Ghana moves towards a brighter, greener future.

Dr. Elikplim Kwabla Apetorgbor

(Power Systems Economist & CEO of Independent Power Generators, Ghana.)

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